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Tuesday, 11 December 2012

Need Funding for your startup? - See this

It’s a simple idea - crowdfunding is a means of raising funds from your social networks. You post your business idea to a platform for a finite period to reach a set target and only pay commission if you are successful. In return donors receive non-monetary rewards (donations model), repayment with interest on the loan (debt model) or equity in the company (equity investment model).

Some juicy statistics on crowdfundingKickstarter (donations model) took over £2 million for UK projects in its' first month operating in the UK. Globally 80k projects have received funds totaling $429 million

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